Searches And Hires
The plan will also receive a domestic large-cap growth equity manager search report next week.
The search is being planned to potentially replace an existing manager.
Searches for high-yield fixed-income managers and a general investment consultant were approved at today’s board meeting.
The city is seeking to consolidate to a single bundled services provider from its current four.
The city does not currently utilize an investment advisor for its $455 million in cash and investments.
A state based in the Midwest is preparing an RFP for a program manager for its $4.4 billion college savings program.
A university system based in a Southern state is searching for an investment advisor for its $13 billion retirement plan portfolio.
A foundation based in a Mountain State is looking to hire an investment manager to oversee its approximately $40 million investment portfolio.
A trust fund based in a Western state has approved the addition of a private equity fund-of-one, a real estate strategy and a custom, multi-asset alternative mandate to its portfolio.
A university based in a Southern state approved commitments to a private equity buyout fund and a venture capital fund, with plans to add more later this year.